100,000 barrels increase in oil production in the oil-rich areas of the south; a big step towards the Seventh Plan

100,000 barrels increase in oil production in the oil-rich areas of the south; a big step towards the Seventh Plan

Within this framework, the southern oil-rich regions, by simultaneously focusing on maintaining production, developing fields, improving operational readiness, and increasing the resilience of facilities, were able to increase the average daily crude oil production by about 100,000 barrels in the operational scope of the Karun, Marun, Aghajari, Masjed Soliman, and Gachsaran oil and gas exploitation companies, while compensating for the natural decline in reservoirs; an increase that was the result of a series of field, technical, and managerial measures and highlights the decisive role of this company in the sustainable supply of energy to the country.

The 19th Joint Commission on Economic Cooperation between Iran and Russia is an important opportunity to deepen strategic relations between Tehran and Moscow

The 19th Joint Commission on Economic Cooperation between Iran and Russia is an important opportunity to deepen strategic relations between Tehran and Moscow

The Minister of Oil considered the 19th meeting of the Iran-Russia Joint Commission an important opportunity to deepen strategic relations between Tehran and Moscow and emphasized: Strengthening economic cooperation between Iran and Russia can play an effective role in enhancing the economic capabilities of the two countries and forming an order based on common interests.

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Iran sanctions waiting for Venezuela?

Iran sanctions waiting for Venezuela?

Venezuela, having the world's largest proven oil reserves, is under US sanctions, resulting in difficult economic conditions. Of course, since last year, the Biden government reduced some of these oil sanctions on the condition of holding free elections. Now and after the recent events, there is a possibility that the Biden administration, fearing the increase in oil prices, instead of sanctioning this sector, will resort to sanctions similar to Iran, i.e. individuals and governmental institutions.
Attracting foreign investment by developing relations with neighboring countries

Attracting foreign investment by developing relations with neighboring countries

The head of Iran's Investment and Economic and Technical Assistance Organization found membership in the Shanghai and BRICS agreements to be effective in attracting foreign investment and added: A large part of the 11 billion dollars of foreign investment was attracted by the countries that are members of these agreements.
Power plant units were put on standby

Power plant units were put on standby

The CEO of the thermal power company stated that 6,000 personnel are on standby 24 hours a day in the power plant units and added: 48 power plant units have been built in the country in the last three years.